Saigon asian market

Investors monitors stock prices at a brokerage in Beijing on Thursday, Dec. 12, 2019. Asian shares are mixed after a wobbly day on Wall Street following the Federal Reserve announcement that it would leave interest rates unchanged. Japan's benchmark Nikkei 225, South Korea's Kospi and Hong Kong's Hang Seng rose in early Thursday trading. less Investors monitors stock prices at a brokerage in Beijing on Thursday, Dec. 12, 2019. Asian shares are mixed after a wobbly day on Wall Street following the Federal Reserve announcement that it would leave ... more Photo: Ng Han Guan, AP Photo: Ng Han Guan, AP Image 1 of / 7 Caption Close Image 1 of 7 Investors monitors stock prices at a brokerage in Beijing on Thursday, Dec. 12, 2019. Asian shares are mixed after a wobbly day on Wall Street following … [Read more...] about Asian shares mixed as Fed leaves rates unchanged

Chinese President Xi Jinping plans to announce policies aimed at diversifying Macau's economy beyond gaming, Reuters reported, in a nod of support as unrest continues to trouble neighboring Hong Kong. The policies include establishing a yuan-denominated stock exchange, accelerating a yuan settlement center which is currently being developed and allocating land for Macau, Reuters said, citing unidentified government officials and company executives. The measures were intended to mark the 20th anniversary of the former Portuguese colony's return to Chinese rule, an event that will bring Xi to Macau, the report said. The bourse would focus on bond trading first to encourage local and mainland companies to issue debt in the city, Reuters said. The exchange would also focus on startups and target companies from Portuguese-speaking countries to avoid direct competition with Hong Kong or Shenzhen, it reported, citing six Macau executives and Chinese officials. Xi will also announce Macau's … [Read more...] about China’s Xi to unveil plans to make Macau financial hub, Reuters says

Investors monitors stock prices at a brokerage in Beijing on Thursday, Dec. 12, 2019. Asian shares are mixed after a wobbly day on Wall Street following the Federal Reserve announcement that it would leave interest rates unchanged. Japan's benchmark Nikkei 225, South Korea's Kospi and Hong Kong's Hang Seng rose in early Thursday trading. less Investors monitors stock prices at a brokerage in Beijing on Thursday, Dec. 12, 2019. Asian shares are mixed after a wobbly day on Wall Street following the Federal Reserve announcement that it would leave ... more Photo: Ng Han Guan, AP Photo: Ng Han Guan, AP Image 1 of / 7 Caption Close Image 1 of 7 Investors monitors stock prices at a brokerage in Beijing on Thursday, Dec. 12, 2019. Asian shares are mixed after a wobbly day on Wall Street following … [Read more...] about Global shares mixed as Fed leaves rates unchanged

HO CHI MINH CITY - South Korean startups are banking on their country’s similarities with Vietnam — a shared popular obsession with education, similar rituals, a history of a divisive civil war, and a current focus on manufacturing and integration with international trade — to give them an advantage in expanding their business there as Vietnam looks to follow in South Korea’s steps to become one of the next Asian tigers. South Korea is already a big investor in the Southeast Asian nation, however now it is startups in areas like cosmetics and hotel smartphone apps that are joining in on the investment. “I think Vietnam startup [investment] is really going up now,” Jisoo Kang, chief executive officer of Fluto, a South Korean startup that conducts user testing on digital products, said. Next conquest While South Korean behemoths have conquered international television and automobile markets, the next phase of growth is in developing nations such as … [Read more...] about Korean Startups Expand to Vietnam, a Kindred Spirit

TAIPEI, TAIWAN - The U.S. government agreed this week to give another coast guard vessel to Vietnam so the Southeast Asian country can increase its defense against China. But behind that move, Vietnam and the United States are struggling over a growing trade deficit that has alarmed U.S. officials. The U.S. government has complained since June that Americans buy more Vietnamese-produced goods compared to what Vietnamese consumers take from the United States. Vietnam relies heavily on export manufacturing for its economic growth of more than 6% per year. The deficit reached about $40 billion in 2018, which the U.S. Census Bureau calls the fifth largest between the United States and another country. The diversion of export manufacturing from China, now saddled by U.S. tariffs, to Vietnam particularly alarms Washington, analysts say. “The concern from the Vietnamese side is that the U.S. could say, ‘OK, we’re going to put tariffs on exports from Vietnam.’ … [Read more...] about After Trump Rebuke, Vietnam Scrambles to Avoid US Trade Dispute